Shiba

Value

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-eye-shiba-inu-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Eye Shiba Inu Recovery</a><br></p>
<p style="text-align: justify">Shiba Inu’s price may be signaling a potential rebound as weary <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> prepare to renew their interest in the popular <a href="https://en.bitcoinhaber.net/bitcoin-soars-as-dogecoin-eyes-gains-and-shiba-inu-preps-for-rise" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a>. The price, currently at a critical juncture, may entice traders back into the market, potentially pushing it out of a prolonged consolidation phase. The price drop to a more attractive level suggests the possibility of renewed accumulation.</p>
<h2 id="what-is-the-market-value-to-realized-value-ratio">What is the Market Value to Realized Value Ratio?</h2>
<p style="text-align: justify">The Market Value to Realized Value (MVRV) ratio is a key indicator in assessing the profitability and loss status of investors. Shiba Inu’s 30-day MVRV ratio stands at -17%, suggesting notable losses. Historically, an MVRV range between -8% and -18% has been associated with the beginning of price recoveries, marking an optimal zone for asset accumulation.</p>
<p style="text-align: justify">This trend is further supported by the Global In/Out of the Money (GIOM) indicator, which points to approximately 425 trillion SHIB tokens valued at over $7.3 billion awaiting a potential catalyst. Investors purchased these tokens at prices between $0.00001700 and $0.00001900, indicating a substantial price rise is needed to make these investments profitable once again.</p>
<h2 id="will-shiba-inu-return-to-its-consolidation-zone">Will Shiba Inu Return to Its Consolidation Zone?</h2>
<p style="text-align: justify">Shiba Inu’s price, trading at $0.00001696, has experienced a 40% decline throughout June. The memecoin’s consolidation zone is between $0.00002584 and $0.00002267, and investors are likely strategizing to reclaim these levels. Successful accumulation could see the price re-enter and potentially exceed this zone.</p>
<p style="text-align: justify">However, if SHIB fails to break the resistance at $0.00002093, it might once again consolidate between this resistance level and the $0.00001473 support, invalidating bullish predictions. Positive developments in Ethereum ETF <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">applications</a> could also boost the Shiba Inu project.</p>
<h2 id="key-investor-insights">Key Investor Insights</h2>
<p style="text-align: justify">– Investors are closely watching the MVRV ratio as a signal for potential recovery.<br> – A significant price increase is required to make current holdings profitable.<br> – The consolidation zone’s fluctuation will be critical for determining future price movements.<br> – External factors, such as Ethereum ETF applications, could influence SHIB’s price trajectory.</p>
<p style="text-align: justify">In conclusion, Shiba Inu’s price behavior and key market indicators suggest a potential recovery phase that could entice investors to accumulate more of the memecoin. The coming weeks will be crucial in determining whether SHIB can reclaim its previous consolidation levels or fall short, depending on market dynamics and investor actions.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-eye-shiba-inu-recovery" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Eye Shiba Inu Recovery</a></h5>

Investors Eye Shiba Inu Recovery

目录

BH NEWS

发布于 2024年7月1日的其他文章

Pudgy Penguins Plans User-Focused Ethereum Layer-2 Blockchain

Argentina and Venezuela AI Platform Controversy – Need for Drastic Measures

Crypto Rewind: What Experts Predicted For Bitcoin ETFs Before Approval

BlockDAG’s $54.7M Presale Attracts Investors Amid AVAX Dip and Polkadot Fluctuations

Discover What’s Powering BlockDAG’s Rise: $54.9M Presale Surmounts Uniswap & Stellar’s Efforts

Telegram Crypto Integrations: How to Use Cryptocurrency on the Messaging App Effectively

订阅我们免费的电子期刊，获取每日最新加密领域动态！